August NYMEX Natural Gas Futures Contract Closed at $3.094 on Thursday, July 24th

July 25, 2025

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Thursday, July 24th saw the front-month NYMEX Natural Gas contract open at $3.127, $0.050 above Wednesday’s closing price of $3.077. Posting a modest recovery overnight as the contract has withered in the past few sessions, the contract traded near $3.140 leading up to the weekly storage report. Marking the intraday high of $3.166 as news of the bullish injection hit the wire, traders then shrugged off the report and forecasts for increased cooling demand as prices trended lower. Recording the intraday low of $3.065 at 2:15PM, August closed higher on Thursday at $3.094.

The EIA Natural Gas Storage Report published on Thursday posted a 23 BCF injection to storage for the week ended July 18 – below the market estimate of a 31 BCF injection. Total working gas in storage was reported as 3,075 BCF; 4.7% below this time last year and 5.9% above the five-year average.

As of 8:45AM this morning in Globex, WTI Crude was up $0.380; Natural Gas was down $0.004; Heating Oil was up $0.022; and Gasoline was up $0.006.

              
For access to Sprague’s full Natural Gas Market Watch Report including commentary not posted here, please send your request to natgas@spragueenergy.com or call 1-855-466-2842

This market update is provided for information purposes only and is not intended as advice on any transaction nor is it a solicitation to buy or sell commodities. Sprague makes no representations or warranties with respect to the contents of such news, including, without limitation, its accuracy and completeness, and Sprague shall not be responsible for the consequence of reliance upon any opinions, statements, projections and analyses presented herein or for any omission or error in fact. The views expressed in this material are through the period as of the date of this report and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance or results and actual results or developments may differ materially from those projected. The whole or any part of this work may not be reproduced, copied, or transmitted or any of its contents disclosed to third parties without Sprague’s express written consent.

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